Intuit shares rise as 2025 guidance beats Investing.com estimates

MOUNTAIN VIEW, CA – intuit Shares Inc. (NASDAQ: ) gained 3% in after-hours trading Thursday as the financial technology company reported fourth-quarter earnings that beat analysts’ expectations and provided strong guidance for fiscal 2025.

The maker of TurboTax and QuickBooks reported adjusted earnings per share of $1.99 for the quarter ended July 31, beating analysts’ consensus estimates of $1.85. Revenue rose 17% year over year to $3.18 billion, beating estimates of $3.08 billion.

For fiscal 2025, Intuit estimates adjusted earnings per share of $19.16 to $19.36 on revenue of $18.16 to $18.35 billion. Both ranges beat Wall Street expectations of $19.15 in EPS and $18.18 billion in revenue.

“We delivered very strong results for the fourth quarter and full year and made significant progress with our AI-powered expert platform strategy, which positions the company for sustainable growth going forward,” said CEO Sasan Goodarzi.

The company’s Small Business and Self Employed group saw revenue rise 20% to $2.6 billion in Q4, while Credit Karma’s revenue rose 14% to $485 million. Consumer Group revenue fell 12% to $113 million.

For the full fiscal year 2024, Intuit’s total revenue rose 13% to $16.3 billion. The company repurchased $2 billion of shares during the year and approved a new repurchase authorization of $3 billion.

Intuit also raised its quarterly dividend by 16% to $1.04 per share, payable on October 18.

Looking to fiscal 1Q25, the company expects revenue growth of 5% to 6% and adjusted EPS of $2.33 to $2.38.

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